By Jennifer Chiou
New York, Oct. 5 - JPMorgan Chase & Co. priced $4.66 million of 0% single review notes due April 6, 2011 linked to the S&P GSCI Crude Oil Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
If the index closes at or above the initial index level on April 1, 2011, the payout at maturity will be par plus 10.2%.
Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Single review notes
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Underlying index: | S&P GSCI Crude Oil Index Excess Return
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Amount: | $4,659,000
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Maturity: | April 6, 2011
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 10.2% if final index level is greater than or equal to initial level; otherwise, par if the index declines by 10% or less and a loss of 1.1111% for every 1% that it declines beyond 10%
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Initial index level: | 504.1891
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Pricing date: | Oct. 1
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Settlement date: | Oct. 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48124AK63
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